The Local Federal Credit Union is headquartered in Dallas and is the 253rd largest credit union in the state of Texas. It is also the 3,292nd largest credit union in the nation. It was established in 1977 and as of March of 2017, it had grown to 12 employees and 5,276 members at 2 locations. The Local Federal Credit Union's money market rates are 14% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is open to members of Teamsters Locals 767, 745, 19, 577, and 263, members and employees of Amalgamated Transit Union 1338, Employees of the law firms; Hicks, Gillespie, James, Rozen, Preston, P.C. and Mullonax, Wells, Babb, Cloutman, P.C., members and employees of American Legion Post 597, Motiva Enterprises LLC, Employees of Texaco Inc. who work in the Dallas area, Shell Oil Company, Superior Fuels & Lubricants, Eason Petroleum, Coastal Transportation Company Inc., Triple A Oil Company, Inc. who work in Dallas, TX, Managed Construction & Maintenance, Inc, L.D. McCloud Transportation, employees of Dupre Transport who work or are supervised from Dallas, TX, North Texas Harley Owners Group, employees of Doskocil Manufacturing Company, employees of Enterprise Car Sales, employees of Reps International.See current membership details

Data as of Q1 2017

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. The Local Federal Credit Union has a low asset base.